Fed to take rates higher than previously expected; more pain ahead - Reuters poll

Reuters

Center

High Factuality

Private Equity: The Woodbridge Company

Fed to take rates higher than previously expected; more pain ahead - Reuters poll

By Indradip Ghosh BENGALURU - The Federal Reserve will hike its key interest rate to a much higher peak than predicted two weeks ago and the risks are skewed towards an even higher terminal rate, according to economists polled by Reuters. That change in expectations came after the Fed raised rates by 75 basis points last week for the third straight meeting and foresaw going higher than